New MSME park, task force planned to boost jobs and innovation in the sector

xHyderabad: Telangana has set an ambitious goal to attract Rs 1 lakh crore in new aerospace investments in the next five years, IT and industries minister Sridhar Babu announced. The move is expected to create one lakh direct and 1.5 lakh indirect jobs, giving a significant boost to the state’s economy.

At a meeting with leading aerospace companies’ representatives, Sridhar Babu unveiled key initiatives, including the creation of a dedicated Aerospace MSME Park to promote small-scale enterprises and innovation. A special task force comprising government officials, industrialists and aerospace experts will also be formed to guide the sector’s growth.

The minister urged aerospace industry leaders to adopt Indust

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